DS Smith plc’s (SMDS) “Overweight” Rating Reaffirmed at J P Morgan Chase & Co
J P Morgan Chase & Co reiterated their overweight rating on shares of DS Smith plc (LON:SMDS) in a research note released on Wednesday morning. They currently have a GBX 570 ($7.36) price target on the stock.
A number of other research analysts also recently weighed in on the company. Barclays PLC restated an overweight rating and issued a GBX 565 ($7.30) price target on shares of DS Smith plc in a research note on Thursday, August 17th. Peel Hunt restated an add rating and issued a GBX 550 ($7.10) price target on shares of DS Smith plc in a research note on Tuesday. Berenberg Bank restated a buy rating on shares of DS Smith plc in a research note on Wednesday. Numis Securities Ltd downgraded DS Smith plc to a hold rating and raised their price target for the company from GBX 495 ($6.39) to GBX 520 ($6.72) in a research note on Tuesday, July 18th. Finally, Goldman Sachs Group, Inc. (The) restated a neutral rating and issued a GBX 430 ($5.55) price target on shares of DS Smith plc in a research note on Friday, June 30th. Six equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock presently has a consensus rating of Hold and a consensus price target of GBX 508.67 ($6.57).
DS Smith plc (LON:SMDS) opened at 489.10 on Wednesday. DS Smith plc has a one year low of GBX 376.40 and a one year high of GBX 508.00. The firm’s market cap is GBX 4.64 billion. The stock’s 50 day moving average is GBX 491.62 and its 200 day moving average is GBX 456.83.
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The firm also recently announced a dividend, which will be paid on Wednesday, November 1st. Stockholders of record on Thursday, October 5th will be paid a dividend of GBX 10.60 ($0.14) per share. This is an increase from DS Smith plc’s previous dividend of $4.60. This represents a dividend yield of 2.2%. The ex-dividend date of this dividend is Thursday, October 5th.
In other DS Smith plc news, insider Adrian Marsh bought 3,345 shares of DS Smith plc stock in a transaction dated Wednesday, July 19th. The stock was bought at an average cost of GBX 481 ($6.21) per share, for a total transaction of £16,089.45 ($20,779.35).
DS Smith plc Company Profile
DS Smith Plc is a provider of corrugated packaging in Europe and plastic packaging across the world. The Company’s segments include UK, Western Europe, DCH and Northern Europe, Central Europe and Italy, and Plastics. The Company designs and manufactures plastic bags and taps and fitments for use in bag-in-box packaging for liquids.
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